กรุงเทพฯ--23 ก.ค.--SET
The Stock Exchange of Thailand (SET) is about to introduce the MTrack Energy exchange-traded fund (ETF), the first equity ETF based on the SET Energy and Utility Sector Index. The ETF is scheduled for IPO from July 21 — 28 and is expected to be listed on August 7.
TMB Asset Management Co., Ltd. (TMBAM) will manage MTrack Energy ETF, SET President Patareeya Benjapolchai said.
“The ETF provides investors with increased choice and another risk management instrument. Because the ETF is underpinned by diverse stocks in a sector with large market capitalization and high liquidity, it will attract investors wishing to avoid the risks entailed in individual stock investment. It will also increase trading volume, Ms Patareeya added.
MTrack Energy ETF’s IPO price, or par value, will be calculated by dividing the SET Energy and Utility Sector Index by 4,000, and should be around THB 4, TMBAM CEO Jotika Savanananda said.
“The timing is good and the IPO price is relatively cheap, as the sector’s index dividend yield is 4.5% and its price/earnings ratio is less than 10,” says Ms. Jotika.
To educate investors, TMBAM and SET co-hosted the very well-received seminar, A Promising Future for the Energy Sector, on July 9. In addition, TMBAM held roadshows in Chiang Mai, Songkla, Udonthani and Nakorn Ratchasima in July.